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Sinopec Oilfield Services progresses with A-share buyback

March 4, 2025 at 05:15 AM UTCBy FilingReader AI

Sinopec Oilfield Service Corp (SSE:600871) announced the progress of its A-share repurchase program. Between December 6, 2024, and February 28, 2025, the company repurchased 5,087,400 A-shares, representing 0.027% of the total share capital. The repurchase was conducted through centralized bidding on the Shanghai Stock Exchange, utilizing company's own funds, with prices ranging from 1.92 RMB to 1.98 RMB per share. The total expenditure for the repurchase amounted to 9.97 million RMB (excluding transaction costs). This buyback program, authorized by shareholders, aims to reduce registered capital. The company will continue to implement the buyback plan, disclosing further progress as required.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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